20k monthly - what now?

marly

marly

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Okay so in a scenario where you earn 20k per month.

And lets say you don't care about the 20k at all.

In my scenario i have a million so enough money to live, the 20k are earnings, and could be used as toilet papier if that were the way to go.

So not emotionally attached, willing to take big risks with the money. Only care about the outcome of what could be if i succeed.

If i could lose the 20k a hundred times, and i have one percent chance to make a splash big enough to last a lifetime, that would also be OK.

Hiring employees would be ok too as long as its not on paper. Even when they only cost.

So im just looking for the perfect plan if i had 20k with no emotional attachment at ALL.
 
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If you have a business that makes $20k per month to increase it to $40k, double up what you were doing to make the $20k!
 
If we are talking about IM you can start different websites and try different methods to diversify such as having affiliates websites in more niches, growing social media accounts, dropshipping, start reselling services by opening your agency and find workers on other websites such as upwork for lower pay etc.

By this point you already have money so that you can hire more people to do things for you, more people working for you = more time is invested into your products = higher chances of success.
 
Either build a new business to diversify, or scale. It depends on the risk factors of what you are doing which will ultimately decide which way to go. Once you get to that amount, you need to think long term.
 
The big question here would be.

What would in your opinion be the way to go if you have this kinda big money monthly to invest freely.

And lets say you don't care about the 20k at all.

In my scenario i have a million so enough money to live, the 20k are earnings, and could be used as toilet papier if that were the way to go.

So not emotionally attached, willing to take big risks with the money. Only care about the outcome of what could be if i succeed.

If i could lose the 20k a hundred times, and i have one percent chance to make a splash big enough to last a lifetime, that would also be cool.

Hiring employees would be ok too as long as its not on paper. Even when they only cost.

So im just looking for the perfect plan if i had 20k with no emotional attachment at ALL.
 
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marly said:
And lets say you don't care about the 20k at all.

In my scenario i have a million so enough money to live, the 20k are earnings, and could be used as toilet papier if that were the way to go.

So not emotionally attached, willing to take big risks with money. Only care about the outcome of what could be if i succeed.
Click to expand...

Whatever project you choose - use the investment to build up an opt-in email list to market to. Your growth can get pretty exponential then.
 
marly said:
Okay so in a scenario where you earn 20k per month.

And lets say you don't care about the 20k at all.

In my scenario i have a million so enough money to live, the 20k are earnings, and could be used as toilet papier if that were the way to go.

So not emotionally attached, willing to take big risks with the money. Only care about the outcome of what could be if i succeed.

If i could lose the 20k a hundred times, and i have one percent chance to make a splash big enough to last a lifetime, that would also be OK.

Hiring employees would be ok too as long as its not on paper. Even when they only cost.

So im just looking for the perfect plan if i had 20k with no emotional attachment at ALL.
Click to expand...
Well I guess if you can afford to easilly lose it.
Book a trip to Las Vegas and enjoy live :anyway:
 
marly said:
And lets say you don't care about the 20k at all.

In my scenario i have a million so enough money to live, the 20k are earnings, and could be used as toilet papier if that were the way to go.

So not emotionally attached, willing to take big risks with the money. Only care about the outcome of what could be if i succeed.

If i could lose the 20k a hundred times, and i have one percent chance to make a splash big enough to last a lifetime, that would also be cool.

Hiring employees would be ok too as long as its not on paper. Even when they only cost.

So im just looking for the perfect plan if i had 20k with no emotional attachment at ALL.
Click to expand...


I'm skeptical you have a million with that mindset.
 
When you earn X per month,
Seek out a mentor who earns XX.
 
You can buy businesses and double the investment, but if 20k doesn't mean anything to you, 40k won't either, plus you need to dedicate time to make profit. Instead you can invest into cryptocurrencies or shares, with no work you can be a hero or go to zero, but at least it didn't require you to babysit something. Gambling is an option too. :)
 
Diversify - mainly go offline.

Buy a few properties - then use them along with your 20k/month income to secure a hefty credit line from the bank to re-invest and scale quickly buying more properties since you'll only need to put X down and finance the rest.
 
Build you assets column. Also try to read rich Dad poor Dad. It's a good book for entrepreneurs. Ur lucky you got money to fund your ideas
 
Don't have any investment suggestion, just an unsolicited advice - Respect the money you've got. Time changes in the blink of an eye.
 
jgeeked said:
Diversify - mainly go offline.

Buy a few properties - then use them along with your 20k/month income to secure a hefty credit line from the bank to re-invest and scale quickly buying more properties since you'll only need to put X down and finance the rest.
Click to expand...

This.. I think going offline and in property allows you to really leverage that income stream..
 
If I have 1/2 of 20k i will

1. Build a affiliate website, with this budget I don't care too much about niche
2. Hire a content team.
3. Build PBNs( need outsource some guy to find and setup, manage PBNs).
 
Invest in offline business or develop a product or idea.
Or if you really have enough money then start travelling and enjoy life. When you have less you can again start making money. ;)
 
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